Financial Planning Needs Assessment Survey

Welcome to our Financial Planning Needs Assessment Survey!

Your participation is vital in helping us tailor our services to your financial goals. By sharing your insights, you'll enable us to better understand your current financial situation, aspirations, and satisfaction with your existing financial planning arrangements. Your feedback will guide us in identifying areas where we can improve and ensure that our services align with your needs. Rest assured, your responses are confidential and will be used solely to enhance your financial well-being. Thank you for entrusting us with your financial journey, and we look forward to assisting you in achieving your goals.

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* 1. How satisfied are you with your current financial planner/advisor?

Extremely satisfied

Satisfied

Moderatly satisfied

Slightly satisfied

Not satisfied at all

Not applicable

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* 2. Is your financial advisor a Certified Financial Planner (CFP®)?

Financial Planning Standards Council® reports that "Canadians who work with a CFP professional are more likely to report that their financial affairs are on track than those dealing with non-certified planners (78% vs. 54%)."

Yes

My financial advisor is studying for a CFP designation

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* 3. How confident do you feel about your current financial situation and future financial goals?

Financial Planning Standards Council® finds that "those individuals who engage in comprehensive planning (CP) report higher levels of emotional, financial and overall contentment over those who have engaged in limited planning (LP)".

Extremely confident

Confident

Moderately confident

Slightly confident

Not confident at all

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* 4. Is your financial planner actively involved in managing your finances and guiding you through financial decisions and life changes? These may include new employment, birth of a child, divorce, pension decisions, RRSP contributions, retirement savings, mortgage payments, etc.

Very involved

Moderately involved

Slightly involved

Not involved at all

Not applicable

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* 5. Have you established clear financial goals for the short term (1-5 years), medium term (5-10 years), and long term (10+ years)?

Financial Planning Standards Council® finds that "those who have comprehensive financial plans are more confident that they are prepared to deal with the challenges and bumps in life, such as unexpected financial emergencies and tough economic times, and ensuring loved ones are financially looked after if something should happen to them".

Yes, I have short-term goals only

Yes, I have both short-term and medium term goals

Yes, I have short, medium and long-term goals

Yes, I have medium-term goals only

Yes, I have long-term goals only

No, I haven't established any goals yet

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* 6. Do you have a budget or a financial plan in place to help you achieve your goals?

Yes, I have a budget and a financial plan

Yes, I have a budget

Yes, I have a financial plan

No, I have neither

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* 7. How frequently do you review and adjust your financial plan?

Every year or less

Every 2-3 years

Every 5+ years

I have no plan / not applicable

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* 8. Are you satisfied with the performance of your investment portfolio?

Yes, I am satisfied

Perhaps, but it could be better

No, I am not satisfied

I do not understand my investments, their cost and returns

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* 9. Do you understand your advisor's investment philosophy (active vs. passive, value vs. growth) and how it impacts your long-term risk and returns?

Yes

Somewhat

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* 10. Are you aware of the breakdown of your fee, distinguishing between the portion allocated towards financial planning and the portion designated towards investment management?"

Yes - my fees for services are clearly separated; I know the dollar amounts or percentages charged to each, and I am aware of how both fees impact my long-term financial health and what value is being created to justify the fee paid. I have an investment management firm managing my money and a separate financial planner dedicating their full-time attention to my financial planning needs. They work as a team to ensure that my plan is on track.

No - I have no idea about my fees or how my financial planning needs and investment needs are handled.

I pay an embedded fee, I know the percentage charged, and I know how it impacts my long-term financial health. My advisor also clearly demonstrates what value their advice creates to justify ongoing fees. My advisor both manages my investments (executes trades and makes investment decisions) and provides financial planning advice.

I pay an embedded fee, and I know the percentage charged, but my advisor never showed me its long-term impact on my financial health, and I am unsure of the value I get from the advice I receive. My advisor both directly manages my investments (executes trades and makes investment decisions) and provides financial planning advice.

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* 11. My advisor has demonstrated that their work will bring me multiples in value over time compared to the fees they charge. They clearly explained how their recommended strategies would add to my well-being over time.

Strongly agree

Agree

Neutral

Disagree

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* 12. Do you understand if a TFSA or an RRSP is a better investment tool for your retirement and why, such as the impact on your retirement income streams and legacy aspirations?

Yes

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* 13. Are there any specific areas of financial planning where you feel you need additional guidance or support that are unaddressed?

Investment Planning

Retirement Planning

Debt Management

Tax Planning

Estate Planning

Insurance Needs

Financial Education

Other

No additional guidance needed

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* 14. What factors are most important to you when choosing a financial planner (e.g., experience, credentials, fees, communication style)?

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* 15. Have you experienced any major life changes recently (e.g., marriage, divorce, new job, retirement)?

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* 16. Would you like us to reach out to you to schedule a complimentary 15-minutes consultation call?

Yes

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* 17. To receive results, please provide us with your name and email address, and we'll be in touch with further details.

Name

Email Address

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* 18. Would you like to join our news letter?

Yes

How to read your results :

If you scored between 10% - 60%, we encourage you to interview a new financial planner at your earliest convenience.
If you scored between 60% and 75%, your financial planner needs improvements. Consider addressing areas of concern.
If you scored between 75% - 85%, your financial planner is doing well overall.
If you scored between 85% - 100%, you have amazing guidance, keep up the good work.

Financial Planning Needs Assessment Survey

Welcome to our Financial Planning Needs Assessment Survey!

Question Title

* 1. How satisfied are you with your current financial planner/advisor?

Question Title

* 2. Is your financial advisor a Certified Financial Planner (CFP®)?Financial Planning Standards Council® reports that "Canadians who work with a CFP professional are more likely to report that their financial affairs are on track than those dealing with non-certified planners (78% vs. 54%)."

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* 4. Is your financial planner actively involved in managing your finances and guiding you through financial decisions and life changes? These may include new employment, birth of a child, divorce, pension decisions, RRSP contributions, retirement savings, mortgage payments, etc.

Question Title

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* 6. Do you have a budget or a financial plan in place to help you achieve your goals?

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* 7. How frequently do you review and adjust your financial plan?

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* 8. Are you satisfied with the performance of your investment portfolio?

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* 9. Do you understand your advisor's investment philosophy (active vs. passive, value vs. growth) and how it impacts your long-term risk and returns?

Question Title

* 10. Are you aware of the breakdown of your fee, distinguishing between the portion allocated towards financial planning and the portion designated towards investment management?"

Question Title

* 11. My advisor has demonstrated that their work will bring me multiples in value over time compared to the fees they charge. They clearly explained how their recommended strategies would add to my well-being over time.

Question Title

* 12. Do you understand if a TFSA or an RRSP is a better investment tool for your retirement and why, such as the impact on your retirement income streams and legacy aspirations?

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* 13. Are there any specific areas of financial planning where you feel you need additional guidance or support that are unaddressed?

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* 14. What factors are most important to you when choosing a financial planner (e.g., experience, credentials, fees, communication style)?

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* 15. Have you experienced any major life changes recently (e.g., marriage, divorce, new job, retirement)?

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* 16. Would you like us to reach out to you to schedule a complimentary 15-minutes consultation call?

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* 17. To receive results, please provide us with your name and email address, and we'll be in touch with further details.

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* 18. Would you like to join our news letter?

* 2. Is your financial advisor a Certified Financial Planner (CFP®)?

Financial Planning Standards Council® reports that "Canadians who work with a CFP professional are more likely to report that their financial affairs are on track than those dealing with non-certified planners (78% vs. 54%)."